Yes, the holidays are coming up and, yes, you should sell your home if you have been thinking about it. Rates are still very low and inventory is low too but it is creeping up and we have noticed fewer offers on listings here and there. We don’t see the holiday season having much of a negative impact on home sales as we head into the end of the year. Now is really the perfect time to list. Many buyers wish to be settled before the holidays begin.
Find out your home’s value here: https://www.teamevoaz.com/sell.php
Yep, the mortgage rates are still lower than any of us have seen in 50 years… this is huge. If you haven’t bought something yet, do it before this changes. Seriously… even if prices dropped (which isn’t likely from what we are seeing) but rates increased, you may be paying more than you would if you took the plunge today. See this interesting graphic:
Here we are just a small amount up in inventory from last month. Hey…we’ll take it!! It was getting crazy out there…maybe the property fights will die down a little! LOL
Phew… last month was absolute insanity, just like July for us here in the Phoenix area. Thankfully though, August brought us a few more listings which we desperately needed. Sellers, that doesn’t mean we’re good…we still need your homes to sell to all these hungry buyers we have. Interest rates are still unbelievably low which has the lenders in somewhat of a refinance frenzy along with all the purchase money loans. Oh and that new refinance fee was postponed until December 1st.
In 14 years of selling homes here in the Phoenix area, I’ve never experienced such low inventory levels. Sellers! List your homes now. It’s very much needed and you’ll do very well in this sellers market. We have been experiencing some issues with appraisals though. The bidding wars are causing pricing in some areas to soar well above appraised values and that is requiring renegotiating in some circumstances. Contact me to discuss pricing or if you have questions on navigating this current market as a buyer.